Kerr-McGee remains on target for '04 production

LisaSanders

DALLAS (CBS.MW) -- Kerr-McGee
KMG, -1.36%
an oil and gas producer, said it still expects to average 310,000 barrels of oil equivalent of production in 2004 and tightened its outlook for the fourth quarter to reflect what's been produced to date. Kerr-McGee said it expects fourth-quarter production to range from 357,300 to 375,800 barrels of oil equivalent per day. Shares of Kerr-McGee were up $1.07 at $62.75.

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